A man from South Bend has been sentenced after pleading guilty to mail fraud, securities fraud, and bank fraud.

64-year-old Sven Eric Marshall Jr., was sentenced to 121 months in prison, 2 years of supervised release, and ordered to pay nearly $2 million in restitution to the various victims of his offenses.

Court documents show Marshall practiced law as an attorney in South Bend, focusing on wills, trusts and estates. He also provided financial accounting services and sold investment securities.

From 2003 until its collapse in December 2017, Marshall’s investment business, Trust and Investment Advisory Services of Indiana, Inc. defrauded investors by paying their supposed investment returns with other investors’ money. He also used investor money for personal expenses, stealing more than $730,000 from 16 different investors over the course of his scheme. Many of Marshal’s victims invested their entire life savings.

Marshal also embezzled more than $1.3 million from seven clients who had hired Marshall to prepare their wills and estates. Instead, he used the estates’ money for his own personal and business expenses.